Government Collection

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August 31, 2024 4 min read Definitions
IRS Levy: Seizure of Property to Satisfy a Tax Debt
Finance Government Regulations IRS Tax Debt Seizure Government Collection Financial Obligation
An IRS levy is a legal seizure of property to satisfy a tax debt. It represents one of the most aggressive collection mechanisms employed by the Internal Revenue Service (IRS) to collect taxes owed.
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